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Articles - office request

70,000 sqm of office space leased in Bucharest in Q3, says CBRE

The total amount of leasing activity (TLA) in Bucharest in the third quarter was of over 70,000 sq m, out of which take-up represented 80 percent, according to a CBRE report.

Two IT giants preparing their Romanian entry could create 4,500 jobs

Two international IT&C corporations are getting ready to enter the Romanian market, which would lead to creating 4,500 jobs, according to a statement from Razvan Cotovelea, minister for Information Society, quoted by Agerpres.

Colliers: New entries on the market will stimulate the office request in the next year

The first half of the year registered a revival of the tenants’ interest for new office spaces, and the new entries on the market are bringing even more optimism on this real estate segment, according to a study of Colliers International Romania.

BCR in the market for 15,000 sqm of office space in Bucharest

Austria’s Erste-owned BCR, Romania’s largest bank, is looking for up to 15,000 square meters of office space to relocate some of its operations in Bucharest, according to sources on the real-estate market quoted by ZF.

Development possibilities in SEE

The SEE region offers investment possibilities across such countries as Serbia, Croatia and Romania with the office and industrial sectors providing potentially higher returns with increased risk than the more established but increasingly competitive markets in Central and Western Europe.

92,000 sq. m offices delivered in Bucharest in 1Q, but half of them are vacant

In the first half of this year offices were completed in Bucharest with a rentable area of 92,000 sq. m, but approx. half of these spaces don’t have yet tenants, according to a ZF analyze of the market data.

Liviu Tudor: The companies in West Gate have expanded on 15,000 sq. m in two years

The companies with offices leased in West Gate office complex in Western Bucharest have expanded the leased areas in the last two years with 15,000 sq. m and there are still intentions in this respect, has declared Liviu Tudor, the owner of the project, mentioning that he will start a new project if he has at least 80 pct. pre-leases.

London Remains World’s Most Expensive Office Market

London’s West End remained the world’s highest-priced office market, but Asia continued to dominate the world’s most expensive office locations, accounting for three of the top five markets, according to CBRE Global Research and Consulting’s semi-annual Global Prime Office Occupancy Costs survey.

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